16. The Legonomics Company is analyzing the differences between the actual results and the budget for the month of August, 2021. You have been tasked with the following: 1. Creating a flexible budget for the month 2. Analyzing the DM Purchase Price Variance and the DM Quantity Variance 3. Calculating the DL Labour Rate Variance and DL Efficiency Variance 4. Calculating the Variable MOH Spending Variance and the VMOH Efficiency Variance 5. Calculating the Fixed MOH Cost Variance and the FMOH Production-Volume Variance (assuming standard costing) Actual Amounts Sales revenues Direct material purchases Direct material usage WIP Direct labour cost Variable overhead Fixed overhead For the Month of August 2021 $ 1,421,000 $ 49.00 / unit $ 229,500 $ 15.30 sqm $ 226,440 $ 15.30 sqm $ 292,820 $ 24.20 / DLH $ 141,570 $ 11.70 / DLH $ 124,500 $ 4.29 / unit 29,000 units (sets) sold 15,000 sqm 14,800 sqm 12,100 DLH 12,100 cost driver: DLH 29,000 units (sets) sold Fixed Budget Sales revenues Direct material purchases Direct material usage Direct labour cost Variable overhead Fixed overhead For the Month of August 2021 $ 1,500,000 $ 50.00/unit $ 240,000 $ 15.00 sqm $ 225,000 $ 15.00 sqm $ 300,000 $ 25.00 / DLH $ 144,000 $ 12.00 / DLH $ 120,000 $ 4.00 / unit 30,000 units (sets) sold 16,000 sqm 15,000 sqm 12,000 DLH 12,000 cost driver: DLH 30,000 units (sets) sold